Economics · Behavioral Economics
Consider the following statements regarding 'default options' in behavioral economics: 1. Individuals often accept default options due to inertia and status quo bias. 2. Default options influence behavior even when opting out is easy. 3. Default options completely eliminate the freedom of choice. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 2 only✓
- 22 and 3 only
- 31 and 3 only
- 41, 2, and 3
Correct answer
1 and 2 only
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